Division 1 — General restriction on insurers
Division 2 — Licensed insurers
Miscellaneous requirements as to conduct of business
Division 1 — General provisions relating to insurance intermediaries
Division 2 — Conduct of insurance broking business
Division 1 Returns
Division 2 Inspections and Investigations
Division 3 Powers where licensed insurer or insurance intermediary is unable to meet obligations, etc.
Division 1 Voluntary transfer of business
Division 2 Compulsory transfer of business
Division 3 Compulsory transfer of shares
Division 4 Power to restructure capital
Division 5 Winding up
Division 6 Miscellaneous
Division 1 — Administration and enforcement
Division 2 — Miscellaneous amendments of law
Division 3 — Supplementary
|
| No person to carry on insurance business unless licensed or authorised by Authority |
| Holding out as licensed insurer or authorised reinsurer |
4.—(1) Where any person holds himself out, or purports to hold himself out, to be a licensed insurer or an authorised reinsurer in respect of life business or general business, or both, when that person is not licensed or authorised under this Act in respect of that business —
|
| Use of word “insurance” |
5.—(1) Subject to subsection (1AA) and except with the written consent of the Authority, no person, other than a licensed insurer, an authorised reinsurer or a foreign insurer carrying on insurance business in Singapore under a foreign insurer scheme, shall —
|
| Restrictions on co-branding |
5A.—(1) Except with the prior written consent of the Authority, no licensed insurer, authorised reinsurer or foreign insurer carrying on insurance business in Singapore under a foreign insurer scheme shall use, together with its name, logo or trade mark in the course of the business it carries on in Singapore, the name, logo or trade mark of any person who —
|
| Prohibition relating to solicitation of insurance business |
6.—(1) Subject to subsection (5), no person shall solicit any insurance business for any insurer other than —
|
| Registration of representative office |
6A.—(1) No person shall establish or operate a representative office unless the representative office is registered with the Authority.
|
| Examination of persons suspected of carrying on insurance business |
| 7.—(1) Whenever the Authority has reason to believe that a person has contravened any of the provisions of this Act, it may call for or inspect the books, accounts and records of that person in order to ascertain whether or not that person has contravened or is contravening any of the provisions of this Act. [22/73; 11/86; 30/99]
|